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20121227
20121227
Search Results 0 to 6 of about 7 (some duplicates have been removed)
in u.s. history involving an automobile defect. toyota has agreed to pay $1.1 billion to reimburse owners and install new safety equipment. dozens of drivers have claimed their cars accelerated without warning. more than 14 million cars were recalled in 2009 and 2010, but, as part of the settlement, toyota admits no fault. the forecast for this year's holiday sales were apparently way off. last week, the retail analyst shoppertrak projected sales this year would go up 2.5%, but a new report puts it at 0.7%, the weakest season since 2008. we asked elaine quijano to find out why shoppers were not in a spending mood. >> reporter: the early indications are that shoppers weren't in the holiday shopping spirit this year, and some of the reasons had nothing to do with the economy. dana telsey is a retail analyst. >> whether it was hurricane sandy, the need to spend on the home; whether it was the tragedy in connecticut, and took away the feel-good factor-- it was a confluence of events that led to a "should have been better" holiday season. >> reporter: a big part of the problem was in th
. >> most all of the hangers we buy today are made in vietnam or china. >> reporter: the u.s. commerce department says vietnam and china have flooded the market forcing nearly all u.s. manufacturers out of business. so the feds slapped a 187% tariff on the imported hangers. more than doubling the cost to dry cleaners. >> that certainly drove the price of hangers up. we were paying probably 4 to 5 cents a hanger and now we're paying up to 9 to 10 cents each. >> reporter: the co-owner says customers noticed the price increase. >> customers never like it but as costs go up, supplies, you have to do it. >> reporter: steve and janice say hangers are hardly worth harping about. the real cost increases are from utilities, chemicals and wages. when you run through nearly 10,000 hangers a month, every cent counts and recycling is encouraged. she says if you have hangers hanging around the house hand them back in. that's fewer foreign hangers that have to be purchased. in albany, don ford, cbs 5. >>> important news for people who drive a prius. toyota has agreed to pay some former prius owners a
. the porch at this home was destroyed. 34 tornadoes hit the southeast, the most ever in the u.s. on christmas day. years of drought in texas made the dry trees vulnerable to high winds. in arkansas, more than a foot of snow made for a rare day of sledding. more than 200,000 people have no power in the south. as the storm heads east, heavy rain is flooding parts of south carolina, blowing snow causing white-out conditions in indiana and ohio. and blizzard warnings are posted as far north as maine. this storm is wrecking travel plans. more than 900 flights have been canceled across the u.s., with more expected in the next couple of days. here at reagan national airport, freezing rain is delaying some flights. but many passengers are stuck because of snow at their destinations. >> a cancellation? >> reporter: dorian friedman and her daughter were going to lansing, michigan. >> i had a bad feeling on the way here and said, i don't see any planes taking off or landing. so we weren't surprised. but it's a little frustrating. >> reporter: this storm is now bringing snow, freezing rain and high winds
are made in vietnam or china. >> reporter: the u.s. commerce department says vietnam and china have flooded the market, forcing nearly all u.s. manufacturers out of business. so the feds slapped a 187% tariff on the imported hangers, more than doubling the cost to dry cleaners. >> we were paying probably 4 to 5 cents a hanger, now we're paying upwards of 10 cents a hanger. >> reporter: janice says customers noticed the price increase. >> customers never like it. but as costs go up for supplies, we have to do it. >> reporter: janice says hangers are hardly worth harping about. the real costs are from utilities, chemicals and wages. well, when you run through nearly 10,000 hangers a month, every cent counts, and recycling is highly encouraged. she says if you have hangers hanging around the house, hand them back in. that's fewer foreign hangers that have to be purchased. in albany, don ford, cbs 5. >>> welcome to the wettest month of the year. that was held by march for much of the year, but we eclipsed that yesterday. here's a peek ou,,,,,,,,,,,,,, midwest shows no signs of backing down. th
cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the markets. stocks fell sharply by 55 and change. the drop is attributed to consumer confidence falling to the lowest level since august. >>> the storm that moved across the country pushing northeast through new england after plowing through 30 states dumping snow, sleet and spawning dozens of tornadoes. edward lawrence has the latest. >> reporter: the northeast is dig out from a giant storm that dumped more than a foot of snow in some places. >> it's the heaviest snow i can remember. it's shutting the machine down every time of you give it a little push. the ice just clogs it up. >> reporter: the storm started in california last weekend and crossed the country creating blizzards in the midwest and south. several people died in traffic accidents. and the roads remain dangerous for holiday travelers heading ho
years. >> most all the hangers we buy today are made in vietnam or china. >> reporter: the u.s. commerce department says vietnam and china have flooded the markets forcing nearly all u.s. manufacturers out of business. so the feds slapped a 187% tariff on the imported hangers more than doubling the cost to dry cleaners. >> and that certainly did drive the price of hangers up. we were paying probably 4 to 5 cents a hanger and now we're paying anywheres from 8 to 9 upwards of 10 cents a hanger. >> reporter: the co-owner janice says customers notice the price increase. >> customers don't like it but as costs go up for supplies, you have to do it. >> reporter: steve and janice say hangers are hardly worth harping about. the real cost increases are from utilities, chemicals and wages but when you run through nearly 10,000 hangers a month every cent counts and the recycling is encourage. if you have hangers hanging around the house, hand them back in. that's fewer foreign hangers that have to be purchased. in albany, don ford, cbs 5. >>> talk about rising prices. people are paying tens of thou
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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